Maven Securities LTD Invests $1.11 Million in Abercrombie & Fitch Company $ANF

Key Points

• Maven Securities acquired 12,313 Abercrombie & Fitch shares valued at approximately $1.11 million during the second quarter. Several other institutional investors also significantly increased their positions or initiated new stakes.
• Abercrombie reported quarterly earnings of $4.17 per share, beating analyst expectations of $1.99, while revenue rose 4.8% year over year to $1.27 billion.
• ANF shares were trading near a 12-month high at $151.54, with analysts maintaining a “Moderate Buy” consensus and an average price target of $155.38. Insiders, however, sold 70,800 shares worth about $9.3 million over the past 90 days.

Maven Securities LTD acquired a new stake in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 12,313 shares of the apparel retailer's stock, valued at approximately $1,108,000.

Several other institutional investors and hedge funds have also modified their holdings of ANF. California State Teachers Retirement System raised its holdings in Abercrombie & Fitch by 8,792.9% during the 2nd quarter. California State Teachers Retirement System now owns 4,671,519 shares of the apparel retailer's stock worth $420,483,000 after buying an additional 4,618,988 shares during the period. Bbfit Investments PTE Ltd. bought a new position in Abercrombie & Fitch in the fourth quarter valued at approximately $205,539,000. Wellington Management Group LLP boosted its holdings in shares of Abercrombie & Fitch by 5,749.6% in the third quarter. Wellington Management Group LLP now owns 1,194,013 shares of the apparel retailer's stock valued at $102,148,000 after buying an additional 1,173,601 shares during the period. AQR Capital Management LLC increased its position in shares of Abercrombie & Fitch by 56.0% during the fourth quarter. AQR Capital Management LLC now owns 2,504,240 shares of the apparel retailer's stock worth $315,209,000 after acquiring an additional 898,884 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Abercrombie & Fitch during the fourth quarter worth $98,961,000.

Abercrombie & Fitch Stock Up 1.2%

NYSE ANF opened at $151.54 on Wednesday. The firm's 50 day moving average is $109.93 and its 200-day moving average is $94.89. The company has a market capitalization of $6.73 billion, a PE ratio of 12.97, a price-to-earnings-growth ratio of 1.31 and a beta of 0.97. Abercrombie & Fitch Company has a 12-month low of $65.45 and a 12-month high of $154.58.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its earnings results on Wednesday, August 26th. The apparel retailer reported $4.17 EPS for the quarter, topping the consensus estimate of $1.99 by $2.18. The business had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.25 billion. Abercrombie & Fitch had a net margin of 10.03% and a return on equity of 33.52%. The firm's revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.91 earnings per share. Abercrombie & Fitch has set its Q3 2026 guidance at 2.900-3.200 EPS and its FY 2026 guidance at 13.100-13.600 EPS. As a group, sell-side analysts expect that Abercrombie & Fitch Company will post 11.4 EPS for the current year.

Wall Street Analyst Weigh In

ANF has been the topic of a number of research analyst reports. Weiss Ratings upgraded shares of Abercrombie & Fitch from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, August 14th. Morgan Stanley increased their target price on Abercrombie & Fitch from $87.00 to $134.00 and gave the stock an "equal weight" rating in a report on Thursday, August 27th. Barclays increased their target price on Abercrombie & Fitch from $114.00 to $155.00 and gave the stock an "equal weight" rating in a report on Thursday, August 27th. BMO Capital Markets initiated coverage on Abercrombie & Fitch in a report on Tuesday. They issued an "outperform" rating and a $170.00 price target on the stock. Finally, Citigroup lowered Abercrombie & Fitch from a "buy" rating to a "neutral" rating and boosted their price target for the company from $135.00 to $156.00 in a report on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Abercrombie & Fitch currently has a consensus rating of "Moderate Buy" and an average target price of $155.38.

Insider Buying and Selling at Abercrombie & Fitch

In other news, COO Scott D. Lipesky sold 5,000 shares of the firm's stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $149.00, for a total value of $745,000.00. Following the completion of the transaction, the chief operating officer owned 147,534 shares in the company, valued at $21,982,566. This trade represents a 3.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenneth B. Robinson sold 800 shares of Abercrombie & Fitch stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $149.69, for a total value of $119,752.00. Following the completion of the sale, the director directly owned 7,169 shares in the company, valued at approximately $1,073,127.61. This represents a 10.04% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 70,800 shares of company stock valued at $9,301,752. Corporate insiders own 2.33% of the company's stock.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co NYSE: ANF is an American specialty retailer that designs, markets and sells casual apparel and accessories for men, women and children. Founded in 1892 by David T. Abercrombie and Ezra Fitch, the company evolved from an outdoor gear outfitter to a global lifestyle brand renowned for its relaxed, preppy aesthetic. Its product assortment includes tops, bottoms, outerwear, intimates, swimwear, fragrances and personal care items.

The company operates under multiple brand names, including Abercrombie & Fitch, Abercrombie Kids, Hollister and Gilly Hicks, each targeting distinct consumer segments from teens to young adults.

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